Steve Hoffman, the CEO of Founders Space, has issued a stark warning to President-elect Donald Trump about his plans to levy tariffs on goods from countries around the world. ⚠️
\"It would be a big mistake,\" Hoffman told CGTN. \"Extra tariffs will not only hurt the U.S. economy but also the global economy, leading to a vicious cycle.\"
Hoffman emphasized the importance of collaboration between the U.S. and China, suggesting that both nations should focus on creating \"win-win\" scenarios. \"There are far more win-wins between China and the U.S. than there are losses,\" he added. 🤝
The Silicon Valley exec believes that imposing tariffs could backfire, impacting businesses and consumers alike. \"We need to build bridges, not walls,\" Hoffman said, echoing a sentiment that resonates across global markets. 🌉
As Trump prepares to take office, the world watches closely. Will his policies foster growth and cooperation, or will they lead to economic challenges? Only time will tell. ⏳
Reference(s):
'Big mistake' if Trump levies tariffs, says Silicon Valley exec
cgtn.com
